Tag: smartphones

As the Modi government forces a more cashless society, consumers have skipped plastic in favor of apps.

In India, Prime Minister Modi’s government suddenly eliminated two of the most commonly used monetary notes, providing a huge opportunity for the MobiKwik mobile wallet. As the country scrambles to ensure they have enough cash in their hands, mobile payments have become a fast alternative.

As a result, MobileKwik saw a sudden rush of new users, totaling 2 million in under 2 days.

The MobiKwik mobile wallet was already the largest in India. It saw the opportunity and rapidly launched a lighter version of its app, called the MobiKwik Lite. When it launched, it experienced more than 2 million downloads in less than the first two days. This trend is only expected to continue – though perhaps not as dramatically – as the nation continues its direction toward being cashless.

Without the old Rs 500 and Rs 1000 notes, people rapidly looked to their smartphones to make sure they would have enough money to be able to make payments. The new MobiKwik Lite mobile app was designed to ensure that even the most basic smartphones and limited data connections would support it.

MobiKwik mobile wallet is determined to keep up with demand as more consumers download and sign on.

“We are committed to support the Government of India`s mission of a clean, cashless economy and launched MobiKwik Lite with an objective to help masses across the country go cashless,” said Upasana Taku, one of MobiKwik’s co-founders. Taku went on to say that “So far, we have registered over 20 lakh users and the number is growing significantly by the hour.” Taku pointed out that this high rate of new user sign-ups is a direct illustration that a product that is well timed and designed “resolves a real issue,” and will become a mainstream hit.

This mobile app, which is available in Hindi and English, also makes it possible for users to receive payment requests and send funds by way of SMS. This new lighter version of the MobiKwik mobile wallet is offering all users free bank transfers until March 31, 2017.

The two companies are reportedly in talks to put the fire-prone power sources in the electronics giant’s past.

Following massive problems with smartphone battery safety, Samsung Electronics Co Ltd is reportedly now in talks with LG Chem Ltd to become a new supplier. This was originally reported in the Nikkei newspaper, which also cited reputable sources.

The largest smartphone maker in the world was forced to dump its new flagship device due to battery fires.

Recently, Samsung reported that ceasing production due to the faulty smartphone battery will cost them an estimated $3 billion over the next two quarters. The Galaxy Note 7 power source proved to be prone to bursting into flames and despite recalls and replacements, it could not be salvaged.

The original problem had to do with the mobile device batteries overheating. Therefore, replacement devices started to be distributed among those who had already purchased a Galaxy Note 7. However, the problems didn’t stop there. Soon, reports were issued of overheating devices occurring among the replacements, too.

Samsung has not specified whether the smartphone battery was also the cause of the replacement problems.

So far, Samsung has not provided any information as to what they think the cause of the problems with the replacements might be. That said, it does appear to be looking into an alternative source of mobile device batteries for future smartphones.

Samsung and LG Chem are talking about the various ways in which new batteries can be supplied to upcoming smartphones. The report in the Nikkei newspaper said that this would begin with the new smartphones that are launched in 2017.

Samsung SDI Co Ldt, a subsidiary of the electronics giant, is currently the leading supplier of phone batteries for the Galaxy Note 7. It was responsible for providing about 70 percent of the smartphone’s batteries worldwide. This, according to estimates presented by analysts.

At the time of the writing of this article, the specific details of the smartphone battery talks between Samsung and LG Chem were not released. Moreover, the two companies were not available for immediate comment outside their standard business hours.